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Question 1 of 5
1. Question
Income statement reflects the company’s turnover for the year.
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Question 2 of 5
2. Question
It is not important to go through your company expenses, only focus on income.
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Question 3 of 5
3. Question
Cost of goods sold are costs inquired to justify your turnover.
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Question 4 of 5
4. Question
Salaries are solely dependant on the company’s cost of sale.
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Question 5 of 5
5. Question
Net profit is profit the company earns for the year after all deductions.
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